Question
13. Suppose a firm's total cost curve is given by the equation 2 TC Q Q =++ 2 100 . The firm's marginal cost is
13. Suppose a firm's total cost curve is given by the equation 2 TC Q Q =++ 2 100 . The firm's marginal cost is MC Q = + 2 2 . At what level of Q does the firm's average cost curve reach a minimum?
(1) 100. (2) 2. (3) 10. (4) 20.
11. If 3 TC q q = ++ 8 7 15, what is the shut down price?
(1) 0. (2) 7. (3) 8. (4) 15.13. Suppose a firm's total cost curve is given by the equation 2 TC Q Q =++ 2 100 . The firm's marginal cost is MC Q = + 2 2 . At what level of Q does the firm's average cost curve reach a minimum?
(1) 100. (2) 2. (3) 10. (4) 20.
11. If 3 TC q q = ++ 8 7 15, what is the shut down price?
(1) 0. (2) 7. (3) 8. (4) 15.
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Cambridge International AS And A Level Economics Coursebook
Authors: Colin Bamford, Susan Grant
3rd Edition
1107679516, 978-1107679511
